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Subject:  Re: Conflicting Info Date:  10/13/1998  5:24 PM
Author:  TMFPixy Number:  5997 of 78168

4) He firmly stated that since 1950 mutual funds have historically outperformed the S&P and Dow.

In-ter-est-ing. Did he give you the brand name of whatever it was he was smoking? My data show that 75 equity funds existing in 1950 are still in business today. Of that total, precisely 4 have outperformed the S&P for the past 20 years. Golly, that's a strong showing! I'm sure glad he knows his history.

6) Said paying expense ratio fees was a good thing, as it takes money to make money. (he didn't comment on 12b-1 fees)

That's a classic we all should remember. John Glas